Asked by Brian Gibson, Outside U.S. • Tue Jul 9, 2013
We received a cash offer from a Brazilian buyer. Docs were signed notarized, 10% escrow was received all set to close 27th June. At the last minute we were told it would be a dry closing because the funds were not received. 2 large wires and one smaller one were sent 26th June.
The 2 large wires were subsequently received 6 days later but there was a discrepancy on how the smaller wire was written up by the bank in Brazil and it had to be resent last Friday. It has now been received by the Bank in Florida but due to a technicality they say they have no right to accept the funds. Earlier today my wife contacted KUA to discuss moving the water and electric bills to the Buyer as soon as closing is finished. KUA said that the buyer has already been in touch and have arranged to take over the bills as of July 10th. We then heard about the latest failure with the wire after close of business.
I am really concerned that some sort of scam is being worked.
What should we do next?
Real Estate in Hopkinton
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